Indian equities are likely to trade with a mildly positive bias, extending the steady multi-session recovery seen in recent days. The upmove continues to be led by sustained strength in banking and financials, along with momentum in select energy, metal, and consumer segments. Robust and consistent DII inflows remain the key stabilizing force underpinning the market, helping absorb volatility and support dips. However, near-term sentiment is expected to stay measured, with selective profit booking emerging in high-valuation pockets and lingering uncertainty in the IT sector amid global AI-led disruption concerns. Overall, the undertone remains constructive, supported by domestic economic resilience and clear leadership from banking heavyweights. That said, participation is likely to remain selective, with ongoing sectoral rotation shaping near-term price action.

Nifty 50

Nifty 50 remains firmly positioned above its 20-, 50-, 100-, and 200-day EMAs, preserving a constructive short-term trend structure. Immediate support is placed around 25,700, which marks a prior resistance zone now acting as support. On the upside, the 25,900–26,000 band stands as a key near-term hurdle, representing a psychological barrier along with visible overhead supply and call-writing activity; a decisive close above this region is required to trigger further acceleration. If momentum sustains, the next upside extension could unfold toward 26,300. Momentum indicators remain supportive, with RSI near 54 reflecting a neutral-to-bullish tone and steady improvement, while MACD continues in positive territory. Overall, the structure favors gradual upside continuation, though the broader tone remains mildly positive within a consolidation framework.

Bank Nifty

Bank Nifty continues to outperform the broader market, with the uptrend firmly intact. Immediate support is placed in the 61,300–61,100 zone, while a stronger demand area lies at 61,000–60,800, aligning with the rising trendline and psychological support; holding above this region keeps the ongoing rally structurally sound. On the upside, the 61,700–61,800 band acts as an immediate short-term hurdle, and a decisive breakout above this range could pave the way toward lifetime highs near 62,000 and potentially higher levels. Momentum remains strong, with the RSI around 65 indicating healthy bullish strength and scope for further upside. Overall, the bias stays strongly positive, and sustained trade above 61,000 favors a continued march toward fresh highs, with banking heavyweights likely to lead the next leg of the rally.